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Question #1. (50 marks) Transactions follow for Trump Impeached, a dentist, for the month of September: Sept. 1 Impeached begins practice as a dentist and

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Question #1. (50 marks) Transactions follow for Trump Impeached, a dentist, for the month of September: Sept. 1 Impeached begins practice as a dentist and invests $32,000 cash. 2 Purchases dental equipment on account from Trump Junior Ltd for $12,500. The equipment has a useful life of 5years, no salvage value. ST-line depreciation applies. 4 Pays rent for office space, $1,300 in total for 2 months, September and October. 4 Employs a receptionist, Amanda Megan. 5 Purchases dental supplies for cash, $900. 8 Receives cash of $3,560 from patients for services performed. 10 Pays miscellaneous expenses, $680. 14 Bills patients $4,740 for services performed. 18 Pays Trump Junior Ltd on account, $6,300. 19 Withdraws $2,000 cash from the business for personal use. 20 Receives $2,100 from patients on account. 20 Bills patients $2,780 for services performed. 30 Pays the following expenses in cash: salaries and wages, $1,400; and miscellaneous expense, $85. 30 Dental supplies used during September amount to $350. Required: a. Prepare an adjusted trial balance for September. (30 marks) Adjusted Trial Balance Debit Credit Cash Accounts Receivable Supplies Prepaid Rent Equipment Accumulated Depreciation - Equipment Accounts Payable Owner's Capital Owner's Drawings Service Revenue Rent Expense Miscellaneous Expense Salaries and Wages Expense Supplies Expense Depreciation Expense b. Prepare an income statement (8 marks) a balance sheet (12 marks)

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